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if the house passes it, president obama said that he would sign it tomorrow. that would extend the tax cuts for the middle class. that means the middle class can go out and do christmas shopping and buy thing for their families because they would know that their tacks are not going up. it's being held hostage by the house of representatives. that would be the best thing that we can do right now. >> now, if they, in fact, allow the tax cut across the board and then come back in, i understand that some are saying that it's better to have no deal than to have a bad deal. where do you stand on that, senator harkin. >> better noç deal than a bad deal. >> what do you mean by that? >> to make the elderly pay more on their deductibles or co-pays and to mess around with cost of living adjustment on social security, that's a bad deal. that shouldn't even be part of the discussion. if that's where they are headed, i say no deal. we'll discuss that later on. the most important thing right now is just to have the house pass the tax cut for the middle class. that would be
if the house passes it, president obama said that he would sign it tomorrow. that would extend the tax cuts for the middle class. that means the middle class can go out and do christmas shopping and buy thing for their families because they would know that their tacks are not going up. it's being held hostage by the house of representatives. that would be the best thing that we can do right now. >> now, if they, in fact, allow the tax cut across the board and then come back in, i...
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Dec 8, 2012
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it's a proposal that president obama likes. so why would mitch mcconnell propose such a bill? to embarrass the democrats. he wanted to prove that the democrats didn't have the votes for the legislation. harry reid called his bluff and objected to putting the bill up for a vote, but after discussing it with his democratic members he got the support he needed and had a change of heart. claire mccaskill was priding when mcconnell objected to voting on the bill. >> is there an objection to the original request? >> objection is heard. i got whiplash. >> very strange. >> dick durbin reacted to mcconnell's move moments later. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote, filibustered his own proposal. i think we have now reached a new spot in the history of the senate we have never seen before. >> let's turn to bernie sanders. i'm laughing at it too, senator. this just goes to show either winging it big time. they don't have a plan other than to get in the way. what's your response to what unfolded on the floor a
it's a proposal that president obama likes. so why would mitch mcconnell propose such a bill? to embarrass the democrats. he wanted to prove that the democrats didn't have the votes for the legislation. harry reid called his bluff and objected to putting the bill up for a vote, but after discussing it with his democratic members he got the support he needed and had a change of heart. claire mccaskill was priding when mcconnell objected to voting on the bill. >> is there an objection to...
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Dec 8, 2012
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a year that we should go back to the rates that we had when bill clinton was president. i want to reform the tax codes so that it's fair. the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> t
a year that we should go back to the rates that we had when bill clinton was president. i want to reform the tax codes so that it's fair. the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama...
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Dec 12, 2012
12/12
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those who will lose their jobs if the president's tax increase goes through, if that happens, barack obama will be responsible, but i will not becomnotbecome -- come comment e economy. i do not want us to go off the fiscal cliff, congress created in a bipartisan way this is the result of the last fiscal cliff. neil: both sides agreed. >> i voted against it, it was a bad idea, why create artificial crises to force action. neil: they did. >> now the country -- now they want to do it again, now let's hurt growth in economy, and cut a deal that hurts growth,o from a year from now we'll have a worse fiscal cliff. we have a 16 trillion-dollar debt. these tax increases do nothing to self, you have 200,000 less jobs next year for, that those who vote for that will be held responsible for that decision. neil: is it terrible public policy if you leave off the table. what accounts the majority of spending off the table. if you leave out medicare, and medicaid, and don't even pry to bridge up -- try to bring up social security, 8 democratic members and congressmen marked that, don't touch these entitl
those who will lose their jobs if the president's tax increase goes through, if that happens, barack obama will be responsible, but i will not becomnotbecome -- come comment e economy. i do not want us to go off the fiscal cliff, congress created in a bipartisan way this is the result of the last fiscal cliff. neil: both sides agreed. >> i voted against it, it was a bad idea, why create artificial crises to force action. neil: they did. >> now the country -- now they want to do it...
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Dec 7, 2012
12/12
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just as bill clinton managed to pin the blame for the government shutdown on newt gingrich and put the republicans in retreat, in terms of card playing, president obama has some cards that he can basically lay this off and perhaps it will fall to the blame -- fall on the republicans. that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's still to come later. thank you, my friend. before we go to commercial here, some sad news for the business world and our family here at cnbc. saul steinberg, the father of our maria bartiromo, died earlier today at the age of 73. he was best known for launching a string of takeovers back in the 1980s. he was also an avid art collector and a major benefactor at the wharton school of business at the university of pennsylvania. he leaves behind a wife and five children, including maria's husband, our johnathan steinberg. our sincerest condolences to his family and friends and my dear friend maria, who is
just as bill clinton managed to pin the blame for the government shutdown on newt gingrich and put the republicans in retreat, in terms of card playing, president obama has some cards that he can basically lay this off and perhaps it will fall to the blame -- fall on the republicans. that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's...
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Dec 11, 2012
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unfortunately, when people lose their jobs who work at a dental clinic as a billing specialist, or the courier loses their job they are working class folks that could lose their jobs if the president's tax increase goes there, if that happens, president obama will be responsible. by will not hurt growth in america which i know is the only way to solve this problem. >>neil: you do not subscribe that deal or no deal boomerangs and hurts republicans? >>guest: i don't want to go off the fiscal cliff which congress created in a bipartisan way. this fiscal cliff is the direct result of the last fiscal cliff when we had the debt limit showdown. >>neil: both sides agreed. >>guest: i voted again i. why create the artificial crisis as a way to force action? it never works. >>neil: bethis. they did. >>guest: and now they are going to do it again. they are saying, now, hurt growth in america, cut a deal that hurts growth in america so in a year from now we will have a worst fiscal cliff and that is the real fiscal cliff $16 trillion debt which the tax you have 200,000 less jobsve next year and the
unfortunately, when people lose their jobs who work at a dental clinic as a billing specialist, or the courier loses their job they are working class folks that could lose their jobs if the president's tax increase goes there, if that happens, president obama will be responsible. by will not hurt growth in america which i know is the only way to solve this problem. >>neil: you do not subscribe that deal or no deal boomerangs and hurts republicans? >>guest: i don't want to go off the...
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it was his bill. >> george bush. >> george bush 41's bill spread it to the rest of the world. his son, george w., approved this treaty. it was sent up by president obama in '09, the senate foreign relations committee passed it easily, and then these republicans abandoned it on the floor. people are crying on the senate floor. >> john mccain gave such a passionate speech. so you have, mike barnicle, american hero, war veteran, john mccain, talking about how we help the disabled across the world with weeping american heroes who were wounded in war, watching. you have the standard set by one republican president. the treaty drawn up by another republican president, george w. bush. and voted down with bob dole yet another american hero, war hero, watching. i'm actually dumbfounded. i'm dumbfounded. sploo joe, pick the adjective, sad, pathetic, outrageous, incomprehensible. these people in washington in both the house and the, they do not know each other anymore. they have no friendships across the aisle anymore. they don't know one another's families anymore. you have this spectac
it was his bill. >> george bush. >> george bush 41's bill spread it to the rest of the world. his son, george w., approved this treaty. it was sent up by president obama in '09, the senate foreign relations committee passed it easily, and then these republicans abandoned it on the floor. people are crying on the senate floor. >> john mccain gave such a passionate speech. so you have, mike barnicle, american hero, war veteran, john mccain, talking about how we help the disabled...
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Dec 7, 2012
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michelle obama versus bill clinton in the spoken word category -- [♪ "world news tonight" theme ♪] >> i think michelle obama will take bill clinton. >> stephanie: i am so enjoying a bill clinton corkscrew. i do not have the hilary nutcracker yet. conservative actor steven bald win arrested for failing to file three year's of tax returns. [♪ "world news tonight" theme ♪] >> uh-huh. he is one of those fake christian guys. >> stephanie: he is accused of owing more than $350,000 to the state of new york. >> wow. maybe we can bad mouth bono some more. >> stephanie: everybody hold your jokes. [♪ "world news tonight" theme ♪] >> stephanie: john travolta collects hot chocolate. he collects various kinds of hot coco from around the world. he said it represents winter wonderland and christmas. he went on to explain how people should handle hot coco. he said never blow on it. never ever blow it changes the quality of the chocolate. >> that's the gayest thing i have ever heard. >> if you have a gay sex scandal with three different masseurs. don't have an album cover to handle your gay pan
michelle obama versus bill clinton in the spoken word category -- [♪ "world news tonight" theme ♪] >> i think michelle obama will take bill clinton. >> stephanie: i am so enjoying a bill clinton corkscrew. i do not have the hilary nutcracker yet. conservative actor steven bald win arrested for failing to file three year's of tax returns. [♪ "world news tonight" theme ♪] >> uh-huh. he is one of those fake christian guys. >> stephanie: he is...
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Dec 13, 2012
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bill o'reilly. >> there's no question that the reelection of president obama has em-boldened the left and angered the right. right now liberal america is more powerful than conservative america, even though there are more self identified conservatives than liberals. >> stephanie: no. every poll we're seeing is more and more -- >> and also it's always skewed when they ask the question are you conservative moderate liberal, independent. and people say conservative yeah, i'm conservatived with my pocketbook. >> stephanie: so there. rush limbaugh. obama took advantage of his honey moon [ inaudible ] first black president. the aura of a new presidency to basically defraud the american people. >> please explain. >> stephanie: he used his tricky blacksness. >> rush has had so many honeymoons maybe it's hard for him to recognize anymore. barack obama didn't get a honeymoon, okay, folks? within hours of him being inaugurated, you had people on fox news saying the president was a racist, and people like rush limbaugh saying we had to bend over and grab our ankles because his father was black. t
bill o'reilly. >> there's no question that the reelection of president obama has em-boldened the left and angered the right. right now liberal america is more powerful than conservative america, even though there are more self identified conservatives than liberals. >> stephanie: no. every poll we're seeing is more and more -- >> and also it's always skewed when they ask the question are you conservative moderate liberal, independent. and people say conservative yeah, i'm...
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bill: president obama will sit down with the nation's top ceos in washington today for new talks on how to avoid the fiscal cliff. the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that is happening we expect to hear from house speaker john boehner any moment right now on the hill for the latest on what's happening on fiscal matters. martha? martha: meanwhile, there are new evacuations that have been ordered in a community where a train carrying toxic chemicals derailed nearly a week ago. 100 families told they have to leave their homes in new jersey near philadelphia. they have to play it safe until the last of the hazard does gas is removed. >> what we'll do we'll pump liquid in that dissolves the vinyl chloride. we'll pump that liquid back out into the highway truck. we have a derailment of hazardous of materials over and in a waterway and a community adjacent to it, right next to it. martha: the rail line is paying for
bill: president obama will sit down with the nation's top ceos in washington today for new talks on how to avoid the fiscal cliff. the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that is happening we expect to hear from house speaker john boehner any moment right now on the hill for the latest on what's happening on fiscal...
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Dec 13, 2012
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obama is now born to a tax starting date refers to, low income people who have high medical bills. that is one of the groups paying for obamacare. right now, if your medical bill, out-of-pocket medical bills are over 7.5% percent of your income -- and it's mostly low-income people -- the average person that gets hit by this makes $50,000 a year, you can deduct that from your taxable income when you pay taxes spirit saves a lot of money for a lot of taxpayers. obama is taking that to 10%, which means billion millions of americans who are sick and have extraordinary health care bills are being taxed by obamacare. it is a hidden tax. nobody saw this tax until january 1, coming up. if obama did not run eds saying i'm going to tax six people to pay for my program. yet that is what is hitting on january 1. add to that if you are missing a leg and need a prosthetic device, obama has a tax on that. if you need a pacemaker or extent, there's a tax on that. all medical devices are being hit with an across-the-board tax that is supposed to reduce the cost of health care. it raises the cost. t
obama is now born to a tax starting date refers to, low income people who have high medical bills. that is one of the groups paying for obamacare. right now, if your medical bill, out-of-pocket medical bills are over 7.5% percent of your income -- and it's mostly low-income people -- the average person that gets hit by this makes $50,000 a year, you can deduct that from your taxable income when you pay taxes spirit saves a lot of money for a lot of taxpayers. obama is taking that to 10%, which...
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for four years, president obama has been spending a lot of money. we've still got an economy growing at best, 2 1/2% in the third quarter. it may be lower than that in the fourth quarter of this year. bill: that is only error in the quiver. we can print money. >> ben bernanke tried everything. now into his fourth round essentially of money printing. this time buying 40 billion in mortgages. 45 million in treasury securities. he will go into a fifth year of money printing. bill: one more point. this move was designed to help the banks anyway, right? feds are buying bad mortgages we're ultimately paying for that. >> 40 billion of this money printing going into the mortgage market. bill: that would help the housing market? >> it is intention, to keep the flenl link housing recovery going by keeping mortgage rates way, way down. bill: i hope you're right. stuart varney, see you at 9:20 on fbn. good deal. over the last four years the federal reserve pumped money into the economy three times. this last announcement marks the fourth round for that. >> ther
for four years, president obama has been spending a lot of money. we've still got an economy growing at best, 2 1/2% in the third quarter. it may be lower than that in the fourth quarter of this year. bill: that is only error in the quiver. we can print money. >> ben bernanke tried everything. now into his fourth round essentially of money printing. this time buying 40 billion in mortgages. 45 million in treasury securities. he will go into a fifth year of money printing. bill: one more...
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Dec 13, 2012
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so it is a president obama last signed bill that we are trying to offer an extension of. i reserve my time. the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr. speaker. my discharge petition at the zesk a discharge petition the american people spoke loudly in. we faced an election and the message is clear to me, why do you continue to bicker and make these ka bouquet dance statements with one another when it shouldn't be that difficult. we came out of a constitutional convention, when i asked james madison what the secret to this new government was, compromise, compromise, compromise. to sit here and do what we're doing, not bringing this forward and releasing the tension on the middle class, making sure the economy knows there's stability amongst taxes, is holding our economy back. it's insulting to the american people. s
so it is a president obama last signed bill that we are trying to offer an extension of. i reserve my time. the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr. speaker. my discharge petition at the zesk a discharge petition the american people...
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republican governor bill hazlum joins us now. good to see you governor. why did you make this decision. >> we started with the premise, we'll do better than the federal government will. we think we can do it faster, better, cheaper than they can. in the end they couldn't answer our questions, and to go into something that is this vast of an enterprise and have so many things unanswered. we've actually gotten820 pages of rules, still in draft form for something they've known is in the works for two years. it felt like to us they weren't organized well enough for us to do this with them. rick: you are the chief executive of the state of tennessee. >> right. rick: governors like to have as much control as they can. and here you are basically giving a lot of the control of the healthcare of your people to the federal government. do you have any problems with that. >> i have a lot of problems with that. the decision on the exchange won't make that much a difference one way or the other. our fear was it didn't give us flexibility or latitude than running with t
republican governor bill hazlum joins us now. good to see you governor. why did you make this decision. >> we started with the premise, we'll do better than the federal government will. we think we can do it faster, better, cheaper than they can. in the end they couldn't answer our questions, and to go into something that is this vast of an enterprise and have so many things unanswered. we've actually gotten820 pages of rules, still in draft form for something they've known is in the...
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Dec 12, 2012
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so it is a president obama last signed bill that we are trying to offer an extension of. i reserve my time. the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr. speaker. my discharge petition at the zesk a discharge petition the american people spoke loudly in. we faced an election and the message is clear to me, why do you continue to bicker and make these ka bouquet dance statements with one another when it shouldn't be that difficult. we came out of a constitutional convention, when i asked james madison what the secret to this new government was, compromise, compromise, compromise. to sit here and do what we're doing, not bringing this forward and releasing the tension on the middle class, making sure the economy knows there's stability amongst taxes, is holding our economy back. it's insulting to the american people. s
so it is a president obama last signed bill that we are trying to offer an extension of. i reserve my time. the speaker pro tempore: the gentlelady from new york. ms. slaughter: mr. speaker i'm pleased to yield two minutes to the gentleman from minnesota, mr. wauleds. the speaker pro tempore: the gentleman is recognized for two minutes. mr. waums: thank you mr. speaker. -- mr. walz: thank you mechanic. -- mr. speaker. my discharge petition at the zesk a discharge petition the american people...
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Dec 5, 2012
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basically, the bill we will vote on fills many of the gaps in president obama's policy toward russia. for example, rather than ignore continuing human rights abuse and corruption in russia, my friends and colleagues, senators mccain and cardin, joined together with many others to craft a bill to help combat deep-rooted and institutionalized corruption within russia. this bill became the sergei magnitsky rule of law and accountability act. by the end of this debate, the american people will be intimately familiar with the name sergei magnitsky. briefly, sergei was a russian tax lawyer investigated by the russian government for alleged tax evasion and fraud. in reality, sergei was targeted by government officials for his role in uncovering tax fraud and corruption within the russian government. sergei was arrested and held for 11 months without trial. while in prison, sergei was subject to mistreatment and torture and was eventually beaten to death. unfortunately, such sad stories are all too common in russia today. rather than tolerate such injustice, my friends, senators mccain and ca
basically, the bill we will vote on fills many of the gaps in president obama's policy toward russia. for example, rather than ignore continuing human rights abuse and corruption in russia, my friends and colleagues, senators mccain and cardin, joined together with many others to craft a bill to help combat deep-rooted and institutionalized corruption within russia. this bill became the sergei magnitsky rule of law and accountability act. by the end of this debate, the american people will be...
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definitely that is bill in the senate 3637. and exactly right about now, they are debating that extension. our guest is a former adviser, economic adviser, to president clinton and senator barack obama, dr. robert shapiro, welcome. >> hi, rick. glad to be here. >> reporter: all right. dr. shapiro, it seems so ironic -- and i've used that word twice -- to listen to boehner worry about fate of generations down the road. at that particular point in time, this particular point in time, why does the senate want to guarantee a taxpayer expense, a program that is as large as $1.6 trillion? is there any reason you can think of? >> well, the only reason is that some banks think that if they have the guarantee, they'll get more of these deposits. the fact is, this is bad for the economy. it's bad for the banking system. there's a basic principle of deposit insurance. and that is you want to cover almost all depositors but not all deposits. and so you put a limit -- the limit has been $250,000. so the insurance coverage goes up to $250,00
definitely that is bill in the senate 3637. and exactly right about now, they are debating that extension. our guest is a former adviser, economic adviser, to president clinton and senator barack obama, dr. robert shapiro, welcome. >> hi, rick. glad to be here. >> reporter: all right. dr. shapiro, it seems so ironic -- and i've used that word twice -- to listen to boehner worry about fate of generations down the road. at that particular point in time, this particular point in time,...
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Dec 13, 2012
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we passed that bill and sent it to the senate. of course the senate's refused to take any action on it. because president obama and his treasury secretary i think has on firmed this, they're eager to go off the cliff. they think they'll get political points by doing thises that political calculation by them to try to plame the other party and you know, let's have this crisis and go and push more taxes on the american people. if you look at what the message of this campaign was, there were a lot of messages. one was people wanted us to work together on bipartisan solutions and we've got those bipartisan solutions to avert this crisis but also to avert so many of the other crises facing this nation. another thing they said, probably the loudest thing people said is they want us to focus on the economy and creating jobs. that's what's the biggest concern for most families across the country. people in southwest louisiana. they're concerned about a sluggish economy and in many cases it's the policies coming out of washington creating
we passed that bill and sent it to the senate. of course the senate's refused to take any action on it. because president obama and his treasury secretary i think has on firmed this, they're eager to go off the cliff. they think they'll get political points by doing thises that political calculation by them to try to plame the other party and you know, let's have this crisis and go and push more taxes on the american people. if you look at what the message of this campaign was, there were a lot...
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Dec 10, 2012
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is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird part is they've got cameras pointed at them that's on television. they've got a platform. so they -- you know, again they're such a radical minority. this notion that everyone, you know, thinks obama's re-election was a disaster. or was a suicide. >> trying to put on the black -- and cut off your junk. >> wow. that's a 1996 reference. [ laughter ] >> stephanie: but it is true. if the parallel universe continues. in the real world, we had a great new employment reporter on friday and monica crowley's world, it is just, you know, death and destruction. and dogs and cats living together. all right. sean hannity. >> boehner and company need to do are the following. one, they need to understand the game that obama's playing and they need to adjust accordingly to this. if obama's acting in a way that isn't helping the economy but is meant to des
is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird part is they've got cameras pointed at them that's on television. they've got a platform. so they -- you know, again they're such a radical minority. this notion that everyone, you know, thinks obama's re-election was a disaster. or was a suicide. >> trying to put on the black -- and cut off your junk. >>...
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i was there with the former united states ambassador to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry.
i was there with the former united states ambassador to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's...